NEW YORK – American Express and Delta Air Lines are extending their credit card partnership through 2029, a significant extension of one of the larger financial partnerships between a major U.S. airline and a credit card company.
American Express and Delta previously extended their partnership in 2014 for five years, at a time when AmEx was still recovering from the loss of its partnership with Costco. AmEx has partnered with Delta since 1996.
The partnership means AmEx will continue to exclusively issue Delta credit cards. AmEx card members will get access to Delta’s network of airport lounges and be able to transfer points.
AmEx will be paying Delta more per year for the partnership, up to nearly $7 billion annually by 2023 from the $3.4 billion paid in 2018.